defect

February 5, 2019

Mortgage Defect Risk Rises to 4-Year Peak

In December, defect risk continued to rise across the country, according to the latest First American Loan Application Defect Index. According to the report, the frequency […]
October 11, 2018

Mortgage Application Defect Risk Down

Mortgage application defect risk is down from a year ago, but Hurricane Florence will likely tear through results in affected areas in the coming months. The […]
June 7, 2018

Mortgage Application Fraud Risk Down Nearly 20%

The ability-to-repay (ATR) standard is responsible for the reduction in loan application defects over the past four years, according to First American Financial Corp.  For April, […]
May 1, 2018

Mortgage Critical Defect Rate Decreases

An increase in the share of refinances drove the first decline in mortgage critical defects in 2017 during the third quarter, according to the Mortgage QC […]
July 12, 2017

Mortgage Risk Hits Highest Level in 2 Years

The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications increased in May to levels not seen since 2015, according to First […]